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$SOL slipped another 0.7%. Sellers still have the edge short term. But this drop is not big enough to call it a bear trend yet. Looks more like traders are cautious and money has not rushed back into alts.
Current SOL Price
Trading around 67 to 68 depending on exchange. Most data feeds show it near 67.5.
What a 0.7% drop tells us
1. Buyers are weak
SOL could not hold above 70 to 72 resistance. People want more proof before they go heavy.
2. We are ranging
SOL is stuck between 65 and 72 instead of starting a new uptrend. That is indecision, buyers and sellers fighting for control.
3. Profits are being taken
After the last bounce, traders sell near resistance. That is capping any big moves up.
Key levels
Near support: 65
Big support: 62 to 63
Near resistance: 70 to 72
Big resistance: 78
Short term view
Stay above 65 and SOL can try for 70 to 72 again.
Break below 65 with volume and 62 to 63 is next.
Right now it is neutral to slightly bearish. Not panic, not a crash.
24 to 48 hour outlook
SOL likely chops sideways or drifts a bit lower. Next big move depends on Bitcoin and overall market mood.
You watching SOL at 65 support, or waiting for 62-63?